Sony, the Japanese electronics giant, recently announced a 7% drop in annual profits for the fiscal year 2023. This decline was primarily caused by a decrease in its financial services division. The company also fell short of its projected unit sales for its flagship PlayStation 5 gaming console for the full year. The figures for
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OpenAI recently revealed its latest advancements in artificial intelligence by launching a new AI model and desktop version of ChatGPT. This update is a significant step forward in expanding the capabilities of their popular chatbot. The company’s technology chief, Mira Murati, highlighted the key features of the new model, GPT-4o, including its enhanced speed and
SoftBank recently reported a 724.3 billion Japanese yen gain on its Vision Fund in the fiscal year ended March, marking the first time the flagship tech investment arm has been in the black since 2021. This turnaround in performance is significant as the Vision Fund segment posted a profit of 128.2 billion yen for the
In a recent development, a federal judge in California made a decision to dismiss a lawsuit filed by Elon Musk’s X against Israel’s Bright Data. The lawsuit revolved around the contentious issue of data scraping and its appropriate utilization. X, previously known as Twitter, accused Bright Data of engaging in the practice of scraping data
Recently, climate protesters in Germany have been expressing their anger towards Tesla’s plans to expand its Berlin-Brandenburg Gigafactory. The protesters even attempted to break into the plant in an effort to halt the expansion. Police Efforts to Prevent Entry Local police in Brandenburg issued a statement regarding the situation, confirming that multiple unauthorized individuals were
Semiconductor Manufacturing International Corporation (SMIC) recently warned of intense competition in the chip industry after its first-quarter profit missed expectations. The company acknowledged that competition in the industry has been increasingly fierce and pricing for commodity products typically follows market trends. This indicates a challenging environment for SMIC as they navigate through the competitive landscape
Recently, a House committee has requested the presence of Brad Smith, Microsoft’s top lawyer, in a hearing scheduled for later this month. The purpose of this hearing is to address the exploits of Microsoft’s software that have led to hackers gaining access to the emails of U.S. government officials. This is not an uncommon occurrence,
Activist Politan Capital has responded to Masimo’s settlement offer by proposing to add two new directors to the company’s board. In a letter viewed by CNBC, Politan stated that they would not engage in a proxy fight to remove Masimo CEO Joe Kiani if the company agreed to appoint their nominees. The original settlement offer
Reddit’s shares experienced a significant surge of 14% in after-hours trading following the release of its quarterly results, marking the first financial report since the company’s IPO back in March. The company’s performance exceeded expectations, reporting a loss per share of $8.19, compared to the anticipated $8.71 loss by LSEG. Furthermore, Reddit’s revenue for the
Food waste is a significant issue in the United States, with a large portion of it ending up in landfills instead of being consumed. This excess waste not only contributes to environmental issues such as climate change but also leads to unnecessary production, packaging, storage, and delivery requirements. One recent study revealed that food production